The owner of St. John’s Health Center intends to sell the storied Santa Monica hospital to Catholic chain Providence Health & Services.
The Sisters of Charity of Leavenworth Health System in Denver said it has entered into exclusive negotiations with Providence, which owns St. Joseph Medical Center in Burbank and four other Southern California hospitals.
Sisters of Charity said the proposed deal is subject to approval by the California attorney general’s office and the Archdiocese of Los Angeles. State officials routinely review sales of nonprofit hospitals.
No timetable was set on finalizing the deal, Sisters of Charity said.
St. John's has been subject to competing bids from several major players. One bidder was a group that included UCLA Health System and two large Catholic hospital chains, Ascension Health Alliance and Dignity Health.